Delegate calls for committee to study alternative currency

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January 20, 2011

9:55 PM

Delegate Robert G. Marshall (R-Prince William) introduced House Joint Resolution 557, calling for the establishment of a subcommittee to study “Whether the Commonwealth should adopt a currency to serve as an alternative to the currency distributed by the Federal Reserve System, in the event of a major breakdown of the Federal Reserve System.”

The resolution calls for the allocation of $12,000 in funds to the committee, and claims “many widely recognized experts predict the inevitable destruction of the Federal Reserve System’s currency through hyperinflation.”

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